property for sale in Comox

Selling a Stigmatized Property For Sale in Comox

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Selling a stigmatized property for sale in Comox can be a tricky feat. It is important that you consider any stigmas associated with your home and how they can affect the listing price of your property. This will help better prepare you for selling your home. Even though the events that have happened in your home do not affect the physical value, they can affect the market price.

In this article, we will be going over all things to do with buying and selling stigmatized properties. Follow along below to learn more about this topic!

What Defines a Stigmatized Property for Sale in Comox?

A stigmatized property is defined as a home with previous negative events either within or near the property. Real estate stigmas have nothing to do with the physical function or appearance of your property. Instead, a stigmatized property usually has to do with a negative psychological effect on prospective buyers. For instance, if someone had died in the home of natural or criminal causes. Others might be deterred if the home was a famous filming location for a movie or TV show. In some cases, people may not want to buy a home because it is in the same area as a home with one of these stigmas. Understanding the various stigmas surrounding real estate is an important part of buying and selling homes. 

How to Sell a Stigmatized Property?

property for sale in the comox valley

Selling a home with known stigmas can be a hard task. However, stigmas are often subjective to a buyer’s values, beliefs, culture, age, and gender. For example, some individuals may find a haunted house exciting, while others may find it terrifying. Either way, stigmas are certain to affect the home’s market value. So, it is important that you understand how to sell stigmatized property. In British Columbia, there is no law that states that you need to declare a stigmatized property. This means that you can avoid telling buyers about any stigmas your home may have. 

However, if your home already has a known stigma things can be a bit trickier. By working with a real estate agent you will be more likely to receive better offers. This is because when dealing with a stigmatized property it is important that you have excellent marketing and great exposure. Otherwise, a home with known stigmas can go stale on the market. Furthermore, a real estate agent will be better able to answer buyer questions about stigmatized properties. 

Buying a Stigmatized Property for Sale in Comox.

As a buyer, stigmatized properties can be an easy way to get a great deal on real estate. That is if you are not affected by the psychological implications. Homes that have stigmas often sell for a much lower price than those without stigmas. And, many sellers will be willing to negotiate the price. For developers, the stigmatized property can be the solution to getting cheap land. Although, there are some downsides to taking this route. 

If you choose to buy a stigmatized property it is crucial that you keep in mind the drawbacks of owning a property like this. Depending on your plans with real estate, you may deal with different drawbacks. For example, even if you tear down the old building, people may still be afraid to go near the property because of its psychological impact. Or, if it was a famous location, fans could still try and visit it after re-developing. Also, when it comes time to sell down the road, buyers may be reluctant to make offers because of the previous history. 

At the end of the day, a stigmatized property will generally be cheaper to buy, but harder to sell. If you make the decision to purchase real estate with a stigma, keep in mind that they generally spend longer on the market and get lower offers. However, there are some cases where property stigmas make the market value increase. It all depends on the stigma, your location, and your target demographic. 

Contact Us About a Property for Sale in Comox. 

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Whether you are buying or selling a stigmatized property, hiring a real estate agent to help you through the process is essential. If you have any questions about a property for sale in Comox, be sure to reach out to us! We are excited to get your fall real estate goals on track. A property in Comox Valley is a great lifetime investment. Don’t hesitate to contact us with any concerns or inquiries about real estate in Comox Valley. Be sure to check out our social media here, and return next month for more real estate-related content! We look forward to working with you in the near future.

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Home Security for Properties for Sale in Comox!

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While Comox Valley’s crime rate is virtually zero, having a thorough security system is never a bad idea. Those buying properties for sale in Comox should consider investing in some basic home safety equipment. Contrary to popular belief, it doesn’t cost an arm and a leg to keep your home safe. In fact, it can be quite inexpensive. For the average homeowner, good home security can be as easy as changing some locks and purchasing a camera. In this article, we will be going over the simplest and most cost-effective ways that you can ensure the safety of your home. Follow along below to learn more about this topic!

Secure the Locks of Entryways and Exit Points Within Your Home.

Good home security doesn’t need to break the bank. Sure, it might be nice to have the high-tech gadgets advertised at your local hardware store. But, it’s not really necessary. Especially, when you’re living in a place as safe as Comox Valley! However, for homeowners who want a little bit more peace of mind, sometimes all it takes is new locks and a quality front door. When you purchase properties for sale in Comox, it is important to have the locks changed once the home is in your possession. This ensures that the previous homeowner does not have access to your home. Before you meet with a locksmith about changing the locks, have the following information in mind:

  1. Number of locks that need to be changed/entry points
  2. Level of security needed
  3. Current lock type (ie: deadbolt, tubular, etc)
  4. Ideal budget

This information will make the process of changing locks much quicker and easier. Other reasons you may want to consider changing the locks of your home include if: 

  • The home has had multiple different owners over the years
  • Your home is being rented/was rented
  • There has been a previous break-in at the home
  • You are going through a divorce with extreme conflict

Properties for Sale in Comox Need Sufficient Windows and Doors 

Updating your locks is a crucial step in improving home security. However, you also need to make sure that you have strong doors and windows. Especially, on the ground level of your house. Old windows and feeble doors are vulnerable to crime. It is important that you invest in some good quality doors and windows to keep unwanted visitors out. Front doors, back doors, garage doors, and ground-floor windows all need to be in good working order. A lock cannot do its job if the door is weak. Pay close attention to the frame of your doors and windows to make sure your lock isn’t compromised by defective framing. 

Side Note: The investment in secure windows and doors can also help reduce heating and cooling costs. This is because newer windows and doors are more energy efficient and do a better job of insulating your home! Sounds like a win-win situation 😉

Depending on what kind of lock you invest in, reinforcing hinges can help bolster home security. Furthermore, hiding screw heads and hinge pins will maximize the security of your property. In addition, linking cameras to smart home devices like Google Home, Amazon Alexa, or Ring, can provide an extra layer of protection.

Security Cameras, Lights and More!

Lots of homeowners are opting for digital security methods to protect their homes. This is because of their accessibility and assurance. Installing one or two cameras in key areas outside of your home is a great way to monitor the activity around your home. Most brands offer real-time access to your camera from anywhere in the world. This is great for homeowners who spend a lot of time out of town. Furthermore, the presence of a camera is usually enough to deter crime. 

Cameras and updated locks are only a few of the ways you can secure your property. One of the most budget-friendly ways to improve home security is investing in lights. Adding some outdoor lights will keep away anyone lurking in the shadows. Moreover, a well-lit house will prevent accidents related to low visibility. Motion sensor lights, solar lights, string lights, and porch lights are all ways that you can brighten up your home when the sun goes down. 

In addition, ensuring that your car is locked and there are no keys or valuables left inside can prevent unwanted theft. Leaving items like garage door openers in your vehicle heighten your chances of a break-in. Implementing practices like these can help you to avoid unwanted entry into your home. 

Contact Us About Properties for Sale in Comox Today!

Even in a place like Comox where crime is minimal, it is diligent to have a good home security system. If you have any questions about home security for properties for sale in Comox, be sure to reach out to us! We are excited to get your fall real estate goals on track. A property in Comox Valley is a great lifetime investment. Don’t hesitate to contact us with any concerns or inquiries about real estate in Comox Valley. Be sure to check out our social media here, and return next month for more real estate-related content! We look forward to working with you in the near future.

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Home Improvements to Add Value To Comox Valley Properties

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Home renovations are a great way to add value to Comox Valley properties. Or, make the space more inviting. However, not all home renovations are worth your time and money. It is important that you choose the right home renovation projects so that you can get a sufficient return on your investment. Because of such high-interest rates, it is expensive to afford home renovations. Materials and lending rates are through the roof. Thus, forcing homeowners to pick and choose their renovation projects. In this article, we will be going over the top renovations that you should make to your home before the year is over. Follow along below to learn more!

Add Space to Comox Valley Properties.

Since the onslaught of the pandemic, buyers are looking for space now more than ever. This means homeowners need to make their properties feel as spacious as possible. Adding outdoor spaces, workspaces, and recreation spaces to your home is a sure way to add value. Any kind of remodel that increases your square footage or gives the illusion of more space, will be a worthwhile investment. 

One of the ways you can achieve this is by creating a home office. If your property doesn’t have a workspace, it is a good idea to add one. Whether you build a detached building on your property or convert a room is up to you. However, there are a lot of folks looking for a home with adequate office space. An in-home office is a great addition that is certain to add value to your property. According to HomeLight, a home office can add over $10,000 in resale value. In fact, if you decide to add a detached office space it can provide about $66,000 in value to your home. 

Another way to add value by making space in your home is to finish your basement. If you have an unfinished basement, you’re practically throwing away valuable space. Take charge and make it your winter project. A finished basement can add $50,000 in value to the asking price of your home. You can leave this space blank or turn it into a gym, office, or lounge area.  

Next, is opening up the floorplan. If your home is dated and feels cramped because of the walls, consider knocking some of them down. Free-flowing space in the kitchen and living areas is essential to buyers. Open layouts are the key to good workflow.

What About the Outside?

Curb appeal and outdoor spaces are another big draw for buyers. A lackluster exterior will make buyers question how you’ve taken care of the interior. Don’t make this mistake! An attractive landscape will entice buyers from the moment they see the property. And, it will give them the idea that your home is well-taken care of. Performing simple tasks such as weeding, cutting the grass, and replanting dead plants, can make all of the difference. 

If you want to take your home’s outdoor areas to the next level, consider hiring a professional. Investing in a rock wall or raised garden beds can help enhance the look and feel of your home. Moreover, adding or re-building a patio in your backyard will provide buyers with more usable outdoor space. This is great for those who want to entertain guests or enjoy the Comox Valley weather. 

Another way that you can add curb appeal to Comox Valley properties, is to get new doors and windows. A bright and bold front door can make a big difference in the overall look of your home. And, it can help improve the home’s energy efficiency. The same thing holds true for windows. Brand new windows on your home not only look great but also help to insulate the home. 

While we are on the topic of doors and windows, consider replacing your garage door. These large features have a big impact on the look of your property. If your neighbours have newly renovated garage doors, consider jumping on the bandwagon. HomeLight has found that a new garage door will give you a 133% ROI. Upgrading your garage door is a simple way to make Comox Valley properties stand out!

Contact Us About Comox Valley Properties!

Improving the look of your Comox Valley properties will help you add value to the asking price o your home! By choosing your renovations wisely, you can stand to make a great ROI! If you have any questions about renovating a property in Comox Valley, be sure to reach out to us! We are excited to get your fall real estate goals on track. A property in Comox Valley is a great life-long investment. Don’t hesitate to contact us with any concerns or inquiries about real estate in Comox Valley. Be sure to check back next month for more real estate related content! We look forward to working with you in the near future.

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New Measures in Place for Buying a Comox Valley Property

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After a rocky start to the housing market in Canada, many government officials have been working to reduce high-pressure sales. There have been several efforts made in British Columbia over the past few months to combat the scorching real estate market. However, despite their efforts, B.C’s finance minister has declared that there will be another measure put into place that will affect the property market in B.C. In May, there were several recommendations made in an effort to slow the intense competition in the market. Now, one of these measures will be put into effect this coming year. Follow along below to learn more about buying a Comox Valley property with these new measures. 

3-Day Cooling Off Period to be Introduced When Buying a Comox Valley Property.

British Columbia will be implementing a new homebuyer protection period that will go into effect on January 1, 2023. This period has been implemented in order to prevent homebuyers from skipping key aspects of the home buying process. Moreover, this 3-day period will be the first ever introduced in Canada. Government officials are hopeful that the 3-day period will allow buyers the opportunity to have a home inspection, secure financing or take any other steps needed. 

It is evident that many homebuyers have been forced to skip these important steps in order to try and secure a home. Because of how the market has been, the government of British Columbia has decided to take BCFSA’s suggestion to implement a 3-day homebuyer protection period. The plan will help buyers in today’s market and in the future. 

The homebuyer protection plan includes a number of clauses. For example, buyers can still make offers on a home that is conditional on home inspections or financing. Furthermore, there will be a fee for buyers who back out of a deal. The fee will cost $250 for every $100,000. So, a $300,000 property would have a recission fee of $750. 

By giving buyers the opportunity to do their due diligence, officials are optimistic that it will reduce the risk of purchasing the wrong property. This way homebuyers can have an inspection done and avoid purchasing a home that has costly problems. Overall, the protection period is being put into place to ensure that buyers have enough time to make a sound decision on such a life-changing purchase. 

Speculation Tax Expanding to Vancouver Island?

In addition to the announcement of the cooling-off period, there has also been news about B.C expanding its speculation tax to some areas on Vancouver Island. The speculation tax was first introduced in British Columbia in 2018. However, the tax only applied to select municipalities. Come January, the government decided to add six more municipalities that will be subject to this tax.

Speculation and vacancy tax has been designed to help British Columbia turn empty homes into housing for residents. It also ensures that non-Canadians contribute to Canada’s tax system. Specifically those with a foreign income. That being said, most B.C residents are exempt from this tax if their home is their primary residence.  

At the moment, anyone with a vacant residence is required to pay 0.5% of their assessed property value. This increases to 2% for foreigners. The municipalities currently affected by the tax are Kelowna, West Kelowna, Nanaimo, the District of Lantzville, most areas in the Lower Mainland, and Southern Vancouver. 

Once the new year arrives, the provincial government will expand the speculation tax bounds to Lions Bay, Squamish, North Cowichan, Duncan, Ladysmith, and Lake Cowichan. This means that newly affected homeowners will need to declare and claim an exemption for January of 2024. This decision was made in an effort to relax housing markets where pressure was high. 

The B.C finance minister declared that the tax has worked well to help people find places to live. Moreover, the tax aided in lowering the price of the properties. Between 2018 and 2020, there were 18,000 new condo units available for rent because of the speculation and vacancy tax. 

Contact Us Today if you have questions about the new housing rules in Comox!

For more information on these newly added policies on housing in British Columbia, contact us today. We’d be happy to help you find a Comox Valley property that is within your budget. For those who are interested in learning more about real estate in Comox, reach out to us today. We’d be more than happy to help answer any questions that you may have about buying or selling real estate in this area. Let our team of experts help you achieve your real estate goals. We look forward to working with you in the near future!

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Making Your Property in Comox Valley Energy Efficient!

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Energy efficiency in your home can help you save thousands of dollars. For most individuals, the costs associated with living in their house account for a large portion of their income. Houses need plenty of maintenance and care in order to remain functional. Making sure that everything is operating accordingly can be a big job. Moreover, if you want to ensure that your home is environmentally friendly, you’ll have to go one step further. Despite the cost of some eco-friendly properties in Comox Valley, there are some inexpensive ways that you can improve the impact your home has on the environment. Going green shouldn’t require months and months of saving. In fact, it’s possible to save the planet on a budget! Most of these changes will even help you save money over time. This is because you will be conserving energy and cutting back on waste! Follow along below to learn about the most inexpensive ways to make your property in Comox Valley eco-friendly.

Have an Energy Audit Done on Your Home. 

Having someone perform an energy audit on your home can help you identify issues that will later save you tons of money. While the initial cost may seem high, having this procedure done is certainly worth the extra cash. An energy audit is a great way to determine what areas of your home need to be more energy-efficient. The procedure is done by an expert, who will test your home for many things. For example, how airtight your home is and use a thermographic scan to find out where you are losing heat. Once you have the results, you can come up with a solution to fix the problem areas. On average, a home energy audit costs between $300 and $500 depending on the size of your home. This may seem like a large amount to pay, but the long-term savings are well worth it. However, if this is still too pricey, there are some DIY solutions that you can try. 

Make Sure That Your Property in Comox Valley is Insulated. 

Insulation is the leading cause of energy efficiency problems in a household. And, most insulation-related issues can be remedied without the help of a professional. While it may not be the most thrilling way to spend your day, fixing your insulation can have many benefits. For instance, higher resale value and lower monthly heating and cooling costs! Commonly, homeowners will neglect to insulate their attic. This is a costly error. Insulating your attic can improve monthly spending on energy bills from 10-50%. 

Furthermore, those looking to improve insulation can add glaze around old windows. People who are living in older houses should think about fixing any cracked glazing around window panes. Taking the time to fix this can drastically reduce the amount of money you spend on your heating and cooling bills. 

Additionally, you can benefit from using spray foam around exterior windows and doors in your home. Houses with wood siding can develop gaps around the trim of windows and doors which have a negative impact on your home’s insulation. These gaps can be easily filled with spray foam or caulk. The same thing applies to the interior window and door trim. However, these gaps will usually be small enough to fill with caulk. When filling gaps in the interior of your home, be sure to buy caulk that can be painted over!

Save Water With Faucet Aerators!

Faucet aerators are a great tool to help with water consumption. Most modern faucets already have faucet aerators. However, if you see that your faucets don’t have these little gadgets, you may want to consider purchasing some. Aerators make a big difference in the way that your tap operates. For example, they maintain and improve water pressure, minimize the amount of water consumed, shape the stream of the water, prevent splashing, and catch debris. In addition, by adding aerators to your taps you can reduce the amount of water you use by up to 50%. Faucet aerators can be found at any hardware store or online for roughly $4-$8 each. This inexpensive addition will significantly lower your ecological footprint.

Contact Us About a Property in Comox Valley!

Improving the energy efficiency of your property in Comox will help you save money each month! Taking a more eco-friendly route is the perfect way to reduce annual spending and help the environment. If you have any questions about a property in Comox Valley, be sure to reach out to us! We are excited to get your summer real estate goals on track. A property in Comox Valley is an excellent seasonal investment. Don’t hesitate to contact us with any concerns or inquiries about real estate in Comox Valley. Be sure to check back next month for more real estate-related content! We look forward to working with you in the near future.

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About Cumberland BC Real Estate.

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Living in Cumberland BC real estate is a quiet place to settle down. Sea-to-sky views and lush green trees are the perfect backdrops to any home. Cumberland has a fascinating history as a former coal-mining town. If you’re looking for a great place to call home, Cumberland BC real estate is the place to move. From large outdoor markets and easy transportation to a one-of-a-kind outdoor playground, a home in Cumberland leaves everyone feeling satisfied. Enjoy the peaceful streets and calm city in this breathtaking town on Vancouver Island. Follow along below to learn more about living in Cumberland.

Location and Amenities

Cumberland is located near the east coast of central Vancouver Island. This incredible village within Comox Valley is close to a variety of outdoor activities. Furthermore, it is a short distance from surrounding areas like Nanaimo and Courtenay. It is also a 2-hour and 40-minute drive to Victoria. 

Cumberland’s incredible location on Vancouver Island makes for a ton of epic amenities that residents can enjoy. For instance, Mt. Washington Ski Resort is only a 30-minute drive from Cumberland! Here, visitors can explore 1700 acres of terrain overlooking Vancouver Island and the surrounding ocean. There are 5 chairlifts and plenty of seasonal activities to be enjoyed. During the summer months, Mt. Washington offers excellent hiking and mountain biking trails.

There is also the famed Strathcona Provincial Park. This park is considered to be one of the biggest attractions for visitors. Over 250,000 hectares of parkland make up Strathcona Provincial Park. The terrain ranges from snowy peaks and rugged trails, to calm lakes and fast-flowing rivers. Hiking at Strathcona is unmatched by any other park in the area. Those who check out Strathcona Provincial Park can hike, cross-country ski, and camp.

If you love being outdoors, then Cumberland is the place for you. There are thousands of trails for you to hike, mountain bike, and ski. You can also hop in the water and paddle along the scenic coast of Vancouver Island or Comox Lake. So much is able to be explored when you live in Cumberland BC real estate. 

Cumberland BC Real Estate is Historic

A long while ago in 1888, Cumberland was founded by a coal baron by the name of Robert Dunsmuir. Originally, the settlement was named after the Union Coal Company and took on the name Union. However, in 1898 the name was changed to Cumberland after the town miners’ homeland in the famous English coal-mining area of Cumberland in England. Cumberland was an active coal mining town until 1966. The town became an integral location for local trade and business dealings. Eventually, the coal industry fizzled out and Cumberland became a calm village. Now residents can visit local museums and Coal Creek Historic Park for a hands-on look at life during the coal mining era. 

Real Estate Opportunities

Cumberland BC real estate has plenty of opportunities for new residents. The predominant housing types in this area are single-family detached homes and townhomes. Most real estate in Cumberland is on the older side, as a third of it was built before the 1960s. However, there have been some houses built between the 1960s and the 1990s. The bulk of the homes in Cumberland has two to three bedrooms. In addition, there are several rental properties in the area. 

The average household income is roughly $53,748. People living in Cumberland are mostly between the ages of 20-64. The majority of the residents in the area have their high school diplomas or college certificate. Cumberland is also home to a few elementary schools and middle schools. However, there are no high schools in Cumberland. Additionally, most residents can walk to and from essential services like grocery stores and pharmacies. 

Transportation Options with Cumberland BC Real Estate 

Getting to and from your everyday destinations is an important part of your daily life. While many people choose to drive, living in Cumberland BC real estate provides a host of other transit options. The city is equipped with buses, bike paths, boat access, float planes, ferries, and more. All to ensure that you arrive at your destination no matter where that may be. You can get from Vancouver Island to the mainland in a number of ways. Cumberland is supported by the BC Transit system which means buses are easily accessible. Even if you choose to go by car, the quiet street makes commuting easy. You won’t ever have to worry about finding a parking spot again! Make the move to Cumberland BC real estate for quick and easy transportation. 

Contact Us About Cumberland BC Real Estate Today!

If you want to learn more about the neighbourhoods in Comox Valley, stay tuned to our blog. Cumberland BC real estate is the perfect place to call home. For those who are interested in learning more about real estate in Cumberland, reach out to us today. We’d be more than happy to help answer any questions that you may have about buying or selling real estate in this area. Contact us now and let our team of experts help you achieve your real estate goals. We look forward to working with you in the near future!

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Comox Real Estate: Economic Drivers in Comox Valley!

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If you are looking to move to Comox real estate, it is important to consider the economic drivers within the city. Comox has various economic drivers that can help you create and foster a business. Or, find a job within your interests. The city of Comox and surrounding areas have diverse economies that thrive in industries like tourism, agriculture, and construction. Join the workforce in this gorgeous city today with Comox real estate! Follow along below to learn more about the top three economic drivers in Comox Valley. 

Tourism Near Comox Real Estate.

It should come as no surprise that tourism is one of the leading industries in the city. Comox Valley and surrounding areas on Vancouver Island draw in many visitors from around the world. Over the years, Comox has been making a name for itself as a culinary and adventure destination. This epic city provides visitors with a unique opportunity to experience some of the world’s most spectacular views. For instance, it isn’t every day that you can ski down the mountainside whilst gazing over the pacific ocean. Or, cross-country skiing through one of the world’s oldest forests. Comox also has some of the most scenic golf courses in the country! Tee off overlooking the diverse Vancouver Island landscape. Visitors can mountain bike and hike through the extensive trail systems and paddle along the scenic shores.

No matter what season you visit Comox Valley, the tourism industry will always be booming! This is why tourism is one of the most prominent industries in Comox Valley. In the winter, Mount Washington is always looking for new staff to help with the season. As are various spas, restaurants, and markets. Comox also offers a range of outdoor tours and adventures. These activities can include, fishing tours, marine and wildlife tours, ziplining, hiking, mountain biking, golfing and so much more! 

Whether you are looking for a seasonal job or starting a business, tourism is a great industry to get into. There is a large influx of people that visit Comox each year to experience the unique landscape and thrilling adventures. 

Agriculture in Comox Valley.

Agriculture is another one of Comox Valley’s most popular industries. The humid climate and mild temperatures make for fertile farmland. Agriculture, fishing, and hunting are popular career segues in this area of Canada. Comox Valley boasts an incredible food culture because of its locally sourced goods. Fruits, vegetables, cheeses, yogurts, meats, and seafood are all locally produced, grown, caught, and harvested. Over 400 farms contribute to the agricultural production in Comox Valley. 

Starting a farm or providing your agricultural expertise to a farm in Comox are both viable career options in this area. Produce from your business can be sold at the renowned Comox Valley Farmers’ Market. This market is one of the only year-round markets in the country. People come from all over the coast to visit the vendors at the Comox Valley Farmers’ Market. Here you can find fruits, veggies, local meats and seafood, cheese, fresh pasta, wines, ciders, beers, and crafts! And, the farmers’ market also has an online marketplace for non-locals to access all products and produce. 

Join the Construction Industry With Comox Real Estate!

Construction is a major economic driver in not just Comox Valley but various other cities on Vancouver Island. One in ten workers on Vancouver Island is employed within the construction industry. A large majority of these employees work in manufacturing and the construction of houses. Forestry and logging have been popular job sectors in the past, however, they have faced some challenges in recent times. The demand for new houses has kept many construction companies/workers busy. The industry remains one of the most popular and stable in Comox. Joining the construction industry can provide a wealth of opportunities for you and your business.

Contact Us About Comox Real Estate Today!

Comox has a healthy economy with many opportunities in the tourism, agriculture and construction industries! If you want to learn more about the various economic drivers in Comox Valley, stay tuned to our blog. Comox real estate is the perfect place to start your career. For those who are interested in learning more about real estate in Comox Valley, reach out to us today. We’d be more than happy to help answer any questions that you may have about buying or selling real estate in this area. Contact us now and let our team of experts help you achieve your real estate goals. We look forward to working with you in the near future!

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Summer Activities Near Homes for Sale in Comox!

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Are you planning on moving to homes for sale in Comox this summer? If yes, then we have a list of fun summer activities to familiarize you with the town. By participating in some Comox summer fun, you can get to the locals! Make friends and find new favourite hangout spots by exploring Comox Valley. You’ll see why so many people have chosen to move to homes for sale in Comox. Follow along below to discover all of the awesome activities available to you in Comox Valley!

Outdoor Activities Near Homes for Sale in Comox.

Comox Valley is situated in one of the most attractive locations in all of British Columbia. This makes for scenic outdoor adventures and endless summer fun. From ocean views to lush hikes, Comox has it all. Residents of Comox Valley are familiar with the vast number of hiking trails and parks. Each one is popular for its stunning views and well-kept grounds. Some of the hiking trails and parks include Strathcona Provincial Park, Seal Bay Nature Park, Nymph Falls Nature Park, Wildwood Interpretive Forest, Royston Seaside Trail, Comox Marina Park, Miracle Beach and MacDonald Wood Park.

These parks and trails are the perfect places to get outside and do some exercise. For instance,  Strathcona Provincial Park allows visitors to camp, hike, and explore the backcountry. This park offers several kilometres of family-friendly and advanced trails. If hiking and camping aren’t up your alley, grab lunch and have a picnic at one of the aforementioned parks. Oceanside picnicking is sure to provide you with a view you won’t forget. 

Comox also has an extensive number of beaches and outdoor water activities for you and your family to try. Stand-up paddleboarding and kayaking are two popular pastimes in Comox. Try them out at one of the local favourite beaches like Goose Spit Beach, Kye Bay Beach, Miracle Beach Provincial Park, Comox Lake, or Saratoga Beach! Summer in Comox is surely best spent at the beach. Enjoy hours of beachcombing, swimming, kayaking, paddleboarding, and lounging in the sunshine. 

Activities, Markets and Food!

Homes for sale in Comox are close to some of the most incredible daytime activities and food markets. For those who would rather stay in the city, Comox has plenty of recreational opportunities. Residents who want to get a better sense of the town may find it beneficial to go on a tour of their choice. Tours are a great way to get to know the area and meet new people. Comox Valley offers tours of breweries, wineries, distilleries, and culinary hot spots. As well as, local art studios, galleries, and fishing tours. For the more adventurous citizens, there is also the Mount Washington ZipTour, which features ocean and alpine views!

Besides tours, Comox Valley also has nine different golf courses for residents to enjoy. These courses are perfect for all levels of experience. A day of golfing is a fun experience for friends and family. Check out the various golf courses in Comox Valley here. 

Furthermore, there are also tons of markets and craft fairs to peak your inner foodie. Local produce, handmade items, drinks, and baked goods can be found at the year-round Comox Valley Farmers’ Market. Comox offers a number of markets throughout the season in areas like Cumberland and Courtenay. These include the year-round Saturday market pop-up summer markets, fall markets and winter markets. If you are interested in what vendors will be at the market, check out the vendor location map. The map will be active by 5 pm the evening before the market. This way you can see if your favourite vendors will be attending. Moreover, the Comox Valley Farmers’ Market also offers an online store for citizens to support vendors. 

Buy Houses For Sale in Comox!

Houses for sale in Comox are close to so many summer activities! If you want to learn more about the various activities and seasonal opportunities, stay tuned to our blog. Houses for sale in Comox are the perfect place to spend your summer. For those who are interested in learning more about real estate in Comox Valley, reach out to us today. We’d be more than happy to help answer any questions that you may have about buying or selling real estate in this area. Contact us now and let our team of real estate experts help you achieve your real estate goals. We look forward to working with you in the near future!

canadian housing stats in comox valley royal lepage

Average Price of Properties in Comox Valley

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Over the last few months, real estate prices have continued to grow across Canada. The national average price for a home jumped up more than 20% according to the Canadian Real Estate Association. This left the average price of homes in Canada at a whopping $816,720. The massive increase in demand for more spacious homes and recreational opportunities has gone hand-in-hand with high real estate prices. People are searching for properties that will ensure the highest quality of life while working remotely. A shift in priority to put one’s lifestyle before work is certainly present in today’s economy. If you are interested in learning more about the cost of housing and what’s to come for properties in Comox Valley, Continue reading along below!

Is There Hope on the Horizon for Canadian’s in Real Estate?

The vast increases in price have allowed outside investors to get a glimpse of what the Canadian real estate market currently looks like. Despite the pandemic, real estate costs have continued to skyrocket. The cost at which houses are going for continues to shock real estate agents whose main focus is on selling. Competition is an aggressive element in the present market. Buyers are one-upping each other with steep offers in order to secure a home. 

Thus, putting sellers in an incredible position to make a large profit. Furthermore, the aggregate composite home price index was up 3.5% relative to last year during February. Indicating, that this was the strongest monthly gain on record. All of this is according to BMO Capital Markets’ senior economist Robert Kavcic. 

Prices are going up at an innumerable rate and investors are a key component in the increase in demand. Canadians are now buying presale homes in places far from their current home. 

Fear is yet another factor in high home prices. Hostile bidding wars and a lack of homes on the market are driving up the cost of real estate. People are afraid that they won’t be able to find a suitable place to live once they sell their homes. However, now that restrictions are being lifted in B.C, the question of whether or not people will list their homes for sale is posed. 

For the time being, many Canadian residents are left out of options when it comes to finding real estate. The average Canadian doesn’t have an infinite amount of money to spend on real estate. Moreover, the ability to bid on any given number in order to keep up with other interested buyers is a luxury. It is because of the lack of affordability that many Canadians are faced with a dead-end in their real estate goals.

Trends in Canadian Real Estate Reflective of Comox Valley’s Market Condition. 

The Canadian Real Estate Association predicts that the national average home price will settle around $786,000 at the end of 2022. Which is a 14.3 percent increase year-over-year. For reference, the average price of a property in Comox Valley last month was $814,500. CREA’s predictions are lower than the national average for February of 2022. This is because they believe that the high prices we are currently seeing will drop off by the end of the year. This is an important stat to consider, as it foreshadows balance in the future of Canada’s real estate market.

For buyers who have been patiently waiting for things to drop off, things might start to look up in the coming weeks/months. With new interest rate increases from the Bank of Canada, fewer COVID-19 restrictions, and war in Ukraine, bids are slowing down. Signs of cooling are beginning to surface throughout B.C and other provinces.

Although, it does remain unclear whether or not sellers will ramp up again. Or, remain quiet as we head towards the summer months. Overall, CREA believes that national home sales will end up dropping 8 percent from 2021 this year. This is to be followed by an increase of 2.7 percent in 2023.

Buy and Sell Properties in Comox Valley!

Check out this article by the Comox Valley Record for more statistics on this topic! If you want to remain in the loop with the quickly changing Canadian real estate market, stay tuned to our blog. Properties in Comox Valley are highly sought after given the current conditions. For those who are interested in learning more about real estate in Comox Valley, reach out to us today. We’d be more than happy to help answer any questions that you may have about buying or selling real estate during a time like this. Contact us now and let our team of experts guide you through your real estate goals. We look forward to working with you in the near future!

Royal Lepage in the comox valley

January Update on Comox Properties For Sale

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The Canadian real estate market continues to break records as prices reach newfound heights. The Vancouver Island Real Estate Board just revealed the latest stats for the month of January. If you’ve been following the trends in Canadian real estate, it should come as no surprise that prices were high and inventory was low. It is unknown for how long the market will remain favourable to sellers. However, many first-time buyers and new families are hopeful that the time will come sooner rather than later. As of now, Comox Properties for sale are experiencing a huge jump in price point.

Active listings of single-family homes were 39% lower than January 2021 on Vancouver Island. In the VIREB report, it is said that the market is so out-of-balance that without a substantial decrease in demand, active listings will not return to a healthy state. While inventory has always been an issue for many British Columbians over the years, it seems it has all come to a head. Given the pandemic and poor planning, many citizens are now left scrambling to find somewhere appropriate to live. 

Comox Pricing and Why Such Steep Costs?

Increasing amounts of time spent indoors is a major factor in why so many people are eager to move out. Finding somewhere with more space is a big draw for current buyers. Moreover, there is rumoured to be an influx of people moving to areas in and around the province for these very reasons. It is also affecting the number of people who are willing to sell their homes and downsize. For instance, the older generations who are now hitting retirement age and refusing to leave their single-family homes. 

The severely low housing stock is causing a crisis for low-income families. As well as other individuals who cannot afford to pay such steep prices for real estate. In Comox Valley, the year-over-year benchmark price jumped up 32%. Thus, making the average single-family home price a grand $814, 500. 5 years ago the same house would be afforded for almost half the cost, at $412,000! Since last January Comox Properties for sale have gone up 31.8%.

Given such steep prices, many people are trying to find other ways to accommodate themselves. Renting, however, appears to be just as expensive as buying to some degree. After a down payment of 5-10%, plus mortgage payments, many people are finding that renting isn’t any cheaper than buying. This leaves minimal options available to anyone who can’t stomach the cost of an $800,000+ home. 

Stay Up-To-Date on Comox Properties for Sale!

If you want to remain in the loop with the ever-changing real estate prices, stay tuned to our blog. Comox properties for sale are hot commodities given the current conditions. For those who are interested in learning more about real estate in Comox Valley, reach out to us today. We’d be more than happy to help answer any questions that you may have about buying or selling real estate during a time like this. Contact us now and let our team of experts guide you through your real estate goals. We look forward to working with you in the near future!